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McDonald's November sales beat expectations

 3gzylon 2012-12-11

McDonald's November sales beat expectations

(Xinhua)

09:20, December 11, 2012

CHICAGO, Dec. 10 (Xinhua) -- McDonald's took everybody by surprise on Monday by posting a 2.5-percent rise in November same store sales in the United States, The Chicago Tribune reported.

The Oak Brook-based fast food giant attributed the sales growth to its breakfast business, value offerings, beverages and limited- time offers. It also reported a same store sales growth of 1.4 percent in Europe, and 0.6 percent in Asia and Pacific, the Middle East and Africa.

Despite the optimistic sales report, investors don't expect the company's performance to return to normal levels until early 2013, as winter is typically the slow period for fast food chains, said the report.

Just a month ago, McDonald's reported that its October sales slipped 2.2 percent, marking the first decline in more than nine years. Days later, the company said that its U.S. operations chief Jan Fields had resigned and would be replaced by Jeff Stratton. 

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